Trade Compliance

Plug Profit Leaks and Assure Your Company is in Compliance

Trade compliance is a necessity for all companies engaged in international transactions. Controlling compliance costs, managing policies and procedures, and proper classification of all import and export products should be a top priority and your diligence in this area can impact your profits positively or negatively. For example, companies can easily miss-classify its products and end up paying more duty than it should.

Operating your business internationally exposes your company to numerous laws and regulations administered by many government agencies including the U.S. Customs and Border Protection.

Companies need to have trained resources to comply with trade laws on a consistent ongoing basis and failure to be in compliance with U.S. trade laws can expose you to civil and criminal penalties, substantial fines and possible imprisonment.

We can assist you in the areas of reviewing your Export Control Classification Numbers (ECCN), the correct import commodities classification under the Harmonized Tariff Schedule (HTS), compliance training, creation of a compliance manual designed for your company and its products, documentation review, and trade management. We can make the process easier to deal with providing you with a complete solution.

Ask yourself these questions:When was the last time we examined our ECCN and/or HTS classifications?Could we possibly be paying more duty then we should?Do we understand how to process duty drawbacks?Do we have a compliance manual? Located in each office dealing with trade?Does the compliance manual contain clearly written trade policies and procedures?Do we need help with license preparation and other paperwork?Do we need training in any of our offices?When was the last time we engaged a consultant to objectively evaluate what we do?

C-TPAT Adoption Helps to Secure Cargo Throughout Your Supply Chain

Another opportunity to ensure cargo security throughout your supply chain is to adopt US government security guidelines by being C-TPAT compliant. By participating in C-TPAT there are benefits to be derived such as reducing border delays and priority processing for CBP inspections. We can help you with this government inititiative and improve the integrity of your security practices.

Bonded Warehouse Solutions

TranSolutions Consulting can assist you with assessing the value of a bonded warehouse versus a traditional warehouse. We would compare cash flow, cost savings, inventory accuracy, security and consider US Customs compliance requirements. Often our clients ask us to manage an RFP process, help select warehouse providers and evaluate their proposals in the areas of cost, best practices and best solution for you.